Fed officials warn Trump that fiscal policy must be smart

Market Watch ^ | Published: Dec 5, 2016 11:50 a.m. ET | Greg Robb

[b4its2late]

New York Fed president backs gradual interest-rate hikes Without mentioning President-elect Donald Trump by name, Federal Reserve officials on Monday warned that the incoming administration’s fiscal policy must be intelligently designed to spur the economy while maintaining a rainy-day fund to help the economy withstand another downturn. “Smart” government spending and tax reform could help the economy grow, said Chicago Fed President Charles Evans in a speech to the Executives Club of Chicago, according to Reuters.

[Darteaus94025]

As smart as the guys who in the last 8 years, have spent our country into bankruptcy, bankrupted Social Security, took over and ruined the health care system, created tens and tens of millions of members of the dependent class, eliminated 300,000 manufacturing jobs, flooded the country with illegal aliens and Muslim terrorists, destroyed entire countries in the Middle East (Libya, Yemen, Syria, Iraq, etc. BTW - how is “the real war” in Afghanistan turning out? Guessing not to well since I don’t see the NYT writing up that “success”), allowed China to expand in the South China Sea, etc.

That’s a pretty tall order, but I don’t think Trump is that smart - only Dhimmicrats are that “smart”.

[Uncle Miltie]

“Smart Theft”

[Safetgiver]

You know what would be smart?....How about an audit of FT. Knox? Hasn’t happened in 40 years. Why not, HMMMM?

[TheStickman]

Where was this “requirement” the last 30 years?

[gr8eman]

Exactly...and more real knowledge of world politics than all of the critters in the Beltway! That’s what the commies and the GOPe could never figure out, which proves the point!

[ManHunter]

That’s like a burglar giving advice on home security...

[aces]

to hell with the Fed

[Garth Tater]

one of the things that the new administration will consider is the continued existence of the FED itself. We need to be on a hard currency system with precious metal backing.

From your lips to God's ears. We need to return to sound money and Constitutional governance. It's what made America great and it can do it again.

[Herodes]

Or what?

[Glad2bnuts]

It is mathematically impossible to pay off the debt. It should be erased, and Congress can coin real money. Debt gone forever, that is a good thing.

[Harpotoo]

$20T in debt and they are asking for a Rainy Day Fund? LMFAO!-)

[Iron Munro]

Eight years and $10 trillion dollars too late.

[TheNext]

The FAKE FED LIES.

Their only purpose is suck ill gotten productivity from people and protect Congressmen with lies.

THE FAKE BANK FED HURTS CHILDREN.

If believe that about covers their “experteez” at nothing. LOL

[Roger Kaputnik]

Fiscal policy must be smart?!

Seriously? Who da fuq makes this crap up?

As if the current US policy of running multi-trillion dollar deficits and multi-trillion dollar under-funded government entitlements are smart policy.

Geezus H. Crimany! Da hell is wrong with these azzhats?

[Iron Munro]

How about an audit of FT. Knox? Hasn’t happened in 40 years. Why not, HMMMM?

Because it's almost empty?

But the government will lie and tell us that the missing gold isn't really missing - it has just been loaned out.

[Garth Tater]

What happens to peoples pensions? The pension funds are heavily invested in government debt.

[Paladin2]

The Fed is there to spread wealth into the Goldman Sack.

[HotHunt]

The very people in Washington who have managed to financially run this country into the ground, have the audacity and lack of shame to tell Trump how he should conduct his economic policy?

Things are changing folks. There's a new sheriff coming to town. And I seriously can't imagine Trump kowtowing to these dunderheads.

[Garth Tater]

We need to be on a hard currency system with precious metal backing.....Sorry my FRiend, it MAY be what is needed, but we are so far down the rabbit hole, it ain’t gonna happen. Can’t.

You're right. We are WAY too far down the rabbit hole, though I prefer to call it the path to national destruction rather than the rabbit hole. Ending the debt based fiat currency system now would crash the economy, wipe out pensions and end the control of our national government by the money printers. Two out of three of those things are too horrific to think about.

[Zenjitsuman]

JUST CALL HIM J’URKEL.